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Sec 54ec

This query is : Resolved 
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(Querist)
09 March 2019 If a capital gain arises in the name partnership firm by selling land (LTCG). The doubt that arises here is that for claiming exemption u/s 54EC whether the partner individually should invest in their name or the partnership firm should invest in its name in NHAI or RECL bonds. What do the Act say in this situation

Kindly reply in details.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 March 2019 The thumb rule is the reinvestment should be in the name of the person in whose
name the original asset belonged. But there are divergent decisions.
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